The global sponge cloth market size is projected to experience dynamic growth in the upcoming years owing to the rising demand for sponge-based materials in hotels and households, observes Fortune Business Insights™ in its report, titled “Sponge Cloth Market, 2021-2029”.
In recent years, there has been considerable growth in the hospitality industry, which includes hotels, restaurants, and others. This has resulted in the increasing demand for sponge cloth in this industry, as it is used for several purposes such as cleaning, washing, wiping, and others. This is considered as one of the major factors responsible for the growth of this market. Further, there are various applications of these textiles. For example, they are widely employed in sealing cable ducts in the cable bulkheads in shipbuilding, filtering processes in the petrochemical industry, and others. Thus, their multi-applicability is one of the chief reasons driving this market’s growth. Furthermore, this type of cloth can be used in the packaging of harmful liquids, cosmetics, and others, which helps to prevent the wastage of excess liquids, which is an important factor responsible for the growth of this market.
However, the availability of substitute products in the market such as cotton cloth and paper towels is projected to restrain the growth of this market.
List of Key Players Covered in the Sponge Cloth Market Report:
On the basis of type, this market is divided into cellulose and super absorbent. Based on application, the market is classified into cleaning, packaging, medical, apparel, and others. By geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
This research report offers a microscopic examination of the driving factors, restraints, and trends shaping the growth trajectory of the market. Additionally, this report offers an in-depth evaluation of the market segments and regional developments in the market. Further, this report also supplies a comprehensive diagnosis of the strategies adopted by the leading players to boost their market position.
Increasing Demand for Sponge Cloth in the Medical Sector to Propel the Market
The sponge cloth is made up of wool, cotton, or linen. This makes it a biodegradable product, which helps to absorb liquids and reduces the chances of bacteria build-up. There has been a high demand for such materials in the medical sector for critical applications, such as the performance of eye surgeries, bone regeneration, wound care products, and others, which is anticipated to drive the growth of this market. Further, these cloths contain soft but extremely resistant material that enables gentle but deep cleaning of surfaces, metals, and other items, thus leading to escalating demand for them in the medical and healthcare industries. The outbreak of the COVID-19 pandemic has further upped the adoption of sponge-based materials in these industries.
Strict Rules Regulating Food and Kitchen Hygiene to Fuel the North America Market Growth
The North America region is envisaged to command the sponge cloth market share due to the strict rules and regulations set by the US and Canadian governments related to food and kitchen hygiene. These regulations include contamination of food, cleaning of kitchen tools and counters, and others, as well as contain strong penalties for hotels and restaurants if the standards are not met.
On the other hand, the Asia Pacific region is anticipated to show rapid growth in this market owing to the rising demand for sponge cloth from the packaging and glass industries. Meanwhile, Europe is projected to expand speedily in this market on account of the soaring demand for sponge-type textiles from the medical industry.
Key Players to Make Focused Investments in Manufacturing and Distribution
Prominent companies in this market are making strategic investments in manufacturing and distribution activities to explore the potential applications of sponge cloth in various end-user industries. These investments are allowing key players to expand their business horizons and widen their market presence.
February 2018: The Freudenberg Group, which owns the Vileda brand, announced that the company will be expanding its footprint in the home cleaning solutions domain in Brazil. The company launched the Vileda brand in Brazil, which includes its world-acclaimed household products such as sponges, wipes, buckets, and cleaning chemicals.
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